UNIVERSAL LIFE INSURANCE
A Universal Life Insurance is a kind of flexible permanent life insurance. It provides low-cost protection of term life insurance with an invested savings element for the policyholder to have a cash value build up. As the policyholder’s circumstances changes, they have the option to review and change the death benefit, savings element, and premiums. Further deviation of this insurance from the whole life insurance is that it allows the policyholder to pay premiums using his accumulated savings’ interest.
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Multinational Corporation - MNC
A corporation that operates in different countries. These companies have offices and/or factories in several nations and have a centralized head of ...
Hard Sell
Sales practice denoted by forceful language. Hard sell is considered to be a high-pressure method, as it is designed to get a consumer purchase a g ...
Usury Laws
Usury laws are laws that regulate the amount of interest that may be imposed on a loaned fund or asset. The purpose of usury laws are to do away wi ...
Capital Saturation
An economic status in which actual income is big and is assumed to continue to bolster, causing the general public, huge companies and even public ...
60-Plus Delinquencies
Mortgage loan that is over 60 days past due on their debt payments. These are expressed as a percentage of a group of loans within a given time per ...
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